On 1 Jan 2018, Entity A purchased a debt instrument for its fair value of $500,000.It had a principal amount of $550,000 and was due to mature in five years.The debt instrument carries fixed interest of 6% paid annually in arrears and has an effective interest rate of 8%.It is held at amortised cost.

What is the amount of the debt instrument in Entity A's Statement of Financial Position as at 31 Dec 2019?

On 1 Jan 2018,Entity A purchased 40,000 $1 listed equity shares at a price of $3 per share.An irrevocable election was made to recognise the shares at fair value through other comprehensive income.

Transaction costs were $3,000. At the year-end of 31 Dec 2018, the shares were trading at $6 per share.

What is the amount of Equity Investment in Entity A'sStatement of Financial Position as at 31 Dec 2018?